Dormant Whale Moves Over 2 Billion Dogecoin (DOGE), Price Dump Coming?

Dogecoin witnessed a 30% rally in January amid the recovery in the crypto market. However, a market-wide selloff in the last two days has also led to a slight pullback in DOGE price. Moreover, whales have been selling meme coin DOGE due to decreased interest among traders, with Shiba Inu attracting the most attention amid the Shibarium Beta release.

Dogecoin Whale Moves Billions in DOGE to Binance

According to Whale Alert, a whale transferred 1,400,000,004 Dogecoin (DOGE) tokens worth $117.53 million to crypto exchange Binance on January 25.

Within five minutes, the whale transfers 985,000,236 DOGE tokens worth $82.66 million from Binance to its wallet.

On-chain data revealed that the whale purchased 1,400,000,000 DOGE tokens on May 23 last year. Since then, the wallet has been dormant. The whale suddenly became active after 7 months and traded DOGE tokens on the day of Tesla’s quarterly earnings.

While whales have become active after the recent sharp market recovery, a lack of interest from Dogecoin fan Elon Musk in integrating the meme coin into Twitter has caused selloffs by whales. Moreover, dormant whale transactions generally indicate an upcoming fall in prices.

Traders expected a market-wide fall in crypto prices as there was no significant pullback in Bitcoin and Ethereum prices.

Dogecoin (DOGE) price fell over 5% in the last 24 hours, with the price currently trading at $0.08457. The 24-hour low and high are $0.08245 and $0.08919, respectively. Furthermore, the trading volume has declined by 10% in the last 24 hours, indicating a decrease in interest among traders.

Also Read: Terra Classic Community Passes Proposal To Bring Back Binance Burns

TAGS
Dogecoin (DOGE)

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.